Areva Sales Rise As Nuclear Business Picks Up
PARIS (AP) â¿¿ France's state-controlled nuclear giant Areva says its revenue grew 5.3 percent last year as the nuclear business picked up and moved past the Fukushima disaster that called into question the future of atomic energy.
The company said Thursday that it brought in â¿¬9.34 billion ($12.66 billion) in 2012. It saw the biggest growth in its renewable energy, nuclear fuel and reactors business groups. Sales from renewable energies rose 92 percent â¿¿ but they still make up a very small proportion of the company's overall take.
Areva is mounting a budding turnaround by cutting its costs after a dismal 2011, when Japan's nuclear disaster sparked a global rethink of atomic energy, and the company lost billions, much of it on the back of a troubled mining venture.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV